Best Fidelity ETFs Right Now

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Contributor, Benzinga
June 27, 2023

Fidelity’s name is almost synonymous with actively-managed funds. However, a wide selection of actively-traded mutual funds, passive index funds and ETFs make this broker more versatile than you may think. Ready to get started for a low price? Benzinga can show you the best Fidelity ETFs right now.  

Quick Look at the Best Fidelity ETFs:

Fidelity ETFs Biggest Gainers and Losers

As an ETF investor, you can rely on the biggest gainers and losers lists to give you an indication of how your investments perform on the open market. These lists can also reveal how your ETF reacts to current market conditions and events.

Stock Movers

Session: Jul 24, 2024 4:00PM EDT - Jul 25, 2024 12:44PM EDT

Why Invest in Fidelity ETFs?

There are some great reasons to choose Fidelity ETFs:

  • Cost: Fidelity ETFs are cheap, particularly compared to mutual funds. The low cost of ETFs could possibly produce a higher return. But don’t assume that all ETFs cost less than other funds — do your research. 
  • Diversification: Fidelity ETFs give you simultaneous exposure to many companies by index, region, country and commodity. This diversity provides you with a safer way to achieve a broad share and exposure. 
  • Trading Flexibility: Open-end mutual funds can only be traded once per day after the markets close. On the other hand, ETFs can be bought and sold intraday when the markets are open. You’ll know within minutes how much you pay to buy shares and how much you’ll receive after you sell. 

3 Fidelity ETF(s) by AUM

Fidelity’s ETFs are available on the U.S. market and a handful are commission-free. Collectively, these funds have total assets under management (AUM) of $14.2 billion and a 0.23% expense ratio (ER). Here are Fidelity’s top ETFs.

1. Fidelity MSCI Information Technology Index ETF (NYSEARCA: FTEC)  

FTEC has $5.39 billion in assets under management. It tracks a portfolio of information technology stocks and follows the IT index.

The four largest holdings include Google, Microsoft, Visa and NVIDIA. FTEC has a 1-year return of 52.74%, a 3-year return of 26.50% and a 5-year return of 29.54%.

2. Fidelity NASDAQ Composite Index Tracking Stock ETF (NASDAQ: ONEQ) 

ONEQ has over 2,000 companies in its portfolio. This includes a few international companies. This Fidelity ETF gives you exposure to the broad-based NASDAQ Composite Index. It’s AUM is $2.2 billion and its expense ratio is 0.21%.

This fund’s portfolio leans heavily toward tech companies with a dense concentration in  Microsoft (NASDAQ: MSFT) and Apple (NASDAQ: AAPL). The fund’s 10-year rate of return is 13.48%. 

3. Fidelity MSCI Health Care Index ETF (NYSEARCA: FHLC) 

This ETF fund offers you wide exposure to the entire healthcare market. It holds over 300 large- to small-cap companies from 10 subsectors. FHLC follows the performance of MSCI USA Investable Market Index (IMI) Health Care. It commits most of its assets to stocks within this index. 

This fund’s representative strategy has worked well. It has a lifetime rate of return of 10.39% and assets under management of $1.6 billion. If you are looking for a diverse, high-performing Fidelity ETF with a low expense ratio of 0.08%, FHLC may be a perfect fit for your portfolio. 

Best Online Brokers for Fidelity ETFs

Fidelity is not the only brokerage that offers $0 commission trades for its ETF offerings. You can also trade its funds through these 3 best online brokers for Fidelity ETFs. 

Firstrade
Best For
  • Mobile Investing
securely through Firstrade's website

1. Firstrade

Firstrade is a full-service online broker that offers $0 Fidelity ETF trades. There are no minimum balance or enrollment requirements. Firstrade provides Morningstar coverage and its fully-equipped platforms provide you with the latest trading and research tools.

The dashboard design makes the charts, indicators and streaming market new reports available on 1 screen. It also has a real-time streaming watch list and all your account information. Firstrade offers plenty of research material and historical data.

TD Ameritrade
Best For
  • Forex and investing app
securely through TD Ameritrade's website

2. TD Ameritrade

Charles Schwab recently acquired TD Ameritrade — the premiere online broker with some of the best trading platforms, tools, research and education available. 

TD Ameritrade offers $0 trades with no minimum balance. The web and desktop platforms present the latest trade technology with a user-friendly format. TD Ameritrade’s thinkScript gives you the ability to customize alerts, scanners, charts, orders and your own content.

Add Fidelity ETFs to Your Portfolio

Fidelity’s expansion in the ETF market can provide you with an affordable and low-risk way to gain broad exposure to the top money-making companies in the U.S. Any of the top 3 Fidelity funds would add a solid and diversified addition to your portfolio.

Frequently Asked Questions

Q

Are ETFs a good investment?

A

ETS are a great way to diversify your portfolio, making them a great investment.

Q

Is Fidelity a good company?

A

Yes, Fidelity is considered a good, stable company.

Q

Which Fidelity ETFs should I invest in?

A

Check out Benzinga’s recommended Fidelity ETFs on the list above.